Highbridge-Tpt Housing Developmentfund Corporation

Analysis

Highbridge-Tpt Housing Developmentfund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Highbridge-Tpt Housing Developmentfund Corporation reported income of $193k and spending of $288k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $193k (+11%), an average of +2.5% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highbridge-Tpt Housing Developmentfund Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Ingraham Housing Corporation Inc ($193k), Friends Center City Riverfront ($193k) and Statewide Bay Landing Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9,310. At year end it held assets of $2.4m against liabilities of $3.5m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.